Overview

General Credit Union Information

Connect Credit Union is an NCUA insured institution located in Fort Lauderdale, FL.
It was founded in 1909 and has approximately $74.98 millions in assets.

Field of Membership Restrictions

Connect CU of Florida is open to residents and people that maintain employment in any of the site listed qualified CU-affiliated Counties, current Florida State employees, retired and affiliated employees with the Florida State Transportation Dept. and the direct family members of current CU members.

Featured - Virginia Home Equity Line Of Credit Rates 2018

Note to CONNECT CREDIT UNION
To upload and update your bank's rates please register.
It is free to register and add rates.

Branches

Below are Connect Credit Union branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia

Connect Credit Union Locations

Financial Details

Connect Credit Union Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Connect Credit Union.
The data is provided by the NCUA.
All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured.
Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio

Connect Credit Union

U.S. Average

5.71%

7.77

The Texas Ratio compares the amount of loans at risk and assets repossessed
with the amount a credit union has on hand to cover any losses.
The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has
to absorb its loan losses.

As of September 30, 2017,
Connect Credit Union had $524,386 in non-current loans and $15,440 in owned assets.
To cover these potential losses it had $8,438,641
in net worth and $1,018,334 in loans loss reserves.
That gives it a Texas Ratio of 5.71%.

Net Worth

Connect Credit Union

U.S. Average

11.25%

13.15%

Connect Credit Union FCU has a net worth of 11.25% versus the BestCashCow average of 13.15.
Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions On Connect Credit Union

What is Connect Credit Union?

A federal credit union, registered with the NCUA under certificate #67342.
Learn more about credit unions here.

Is Connect Credit Union FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration.
The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Connect Credit Union?

Please see Field of Membership information above for information on who is eligible to join.